Answer:
d. investors corporations and governments raise funds by issuing new securities
Explanation:
The primary market is the market where for the first time the new securities such as shares, stocks, etc. are being sold to the public at large or we can refer initial public offer. The initial public offer is an illustration of the primary market.
In the other hand, the secondary market is that market in which the shares are bought or sold through the investors after selling to the general public. Like - New York Stock Exchange (NYSE), etc.
Answer:
Explanation: 2,3,4,5 I just did it
Answer:
June 15
Dr Accounts payable $1,000
Cr Cash $400
Cr Notes Payable $600
Explanation:
Preparation of the June 15 journal entry for Coolidge
Based on the information given the June 15 journal entry for Coolidge will be :
June 15
Dr Accounts payable $1,000
Cr Cash $400
Cr Notes Payable $600
(Being to record amount payable )
Answer:
31 payments
Explanation:
the present value of the first annuity is:
$1,200 / (1 + 1%)⁸ + $1,200 / (1 + 1%)¹⁶ + $1,200 / (1 + 1%)²⁴ + $1,200 / (1 + 1%)³² + $1,200 / (1 + 1%)⁴⁰ = $1,108.18 + $1,023.39 + $945.08 + $872.76 + $805.98 = $4,755.39
to determine the length of the second annuity:
PV = annuity payment x annuity factor
annuity factor = PV / annuity payment = $4,755.39 / $180 = 26.4188333
using an annuity table we must look for a present value annuity factor that corresponds to 1% interest rate and is close to 26.4188333
the annuity factor is between 30 and 31 payments. Since the final payment has to be less or equal to $180, we have to choose 31 payments.
Answer:
Date of assets placed in service is used as starting date for depreciation calculation. The office property is ready to use on August 4, 2020
The building is a non-residential property, so MACRS table for the type of property will be used
Depreciation Base $3,600,000
Cost recovery rate per table 0.963%
Cost recovery deduction for 2020 $34,668
Depreciation Base $3,600,000
Cost recovery rate per table 2.564%
Cost recovery deduction for 2020 $49,998